President obama pushed back. In a virtual commencement ceremony, the 44th president saying, this pandemic finally has pulled back the curtain on the idea that people in charge know what theyre doing. This as the number of coronavirus cases in the United States has reached nearly 1. 5 million with almost 90,000 deaths. Well have a live report and get into it with chuck todd. Plus, well have the latest on breaking news overnight from los angeles where nearly a dozen firefighters were severely injured after a massive fire and explosion. We are life on the scene. All that plus the first named storm of what is expected to be a very busy Hurricane Season just ahead. And later, in our sunday spotlight, we take you inside one of the worlds most famous casinos as it sits eerily dark and quiet. In our sunday closer couples getting married any way they can right now, even in the parking lot of a hockey arena. Later, another favorite sunday sitdown wfany haddish e difficulties that brought her fro
Likely to hit around 15 . This morning, the private sector reports the loss of 20,236,000 jobs just in april. Reopening the economy is designed to try to bring back some or most of those jobs. So here we are. With all the bad Economic News breaking around us, what does the market do . Well, it rallies. For the third day in a row, the market opens higher. This is a bet on the recovery and a bet on the federal reserve, which is putting at least 4 trillion into the economy, and the treasury which is putting in over 3 trillion. Thats called stimulus. Investors appear to like it. The dow is going to be up about 140 points. Nice gain there. The s p up 15, nasdaq up about, what, 58, 60. Look at this. Oil, 23 a barrel. Thats where it is now. Earlier, it had been at 25. There has been a dramatic fall in supply and a hopedfor pickup in demand as some states start opening up their economies. So thats why we are in the mid 20s for the price of oil. But you can say goodbye to the gas price decline.
Will make more than 200 stops. John is semiretired and works parttime as a driver. Whats it like to have a few extra bucks, extra cash in your pocket . Its pretty good. Yeah. Inside, 15 workers were brought back this week and theyre Wearing Masks and workstations have been spread out. Theyre offering some customers to deliver mothers day flowers on monday or tuesday. Liz was furloughed and has been getting unemployment. Staying home for a month over a month. It was really nice. To come back because its like our family. Weve all worked together for a long time. Under the states phase two guidelines, today napa county is allowing retailed businesses to do curb side delivery including book, jewelry, toy, clothing and shoe stores. Antique and music stores and of course florists, employees must wear masks, maintain social distancing and follow other protocols. Owner has endured multiple recessions. Were doing the best we can with what we have. Were happy to do it. You know, whatever it take
Areas. This is wednesday, march 18, 2020 and our special coverage of the coronavirus outbreak begins right now. Good morning and welcome im Morgan Brennan u. S. Stock futures at a down open the Dow Jones Industrial average is indicated to open down more than 1,000, the s p is down 120. If we were to open right now and the nasdaq down 386. Looking at the major etfs that are tracking remember, these are not subject to any of those limit down figures which paused dow etf is down nearly 6 in the premarket s p 500 is down almost 6 . The qqq is down almost 5 . This comes after an almost 1,000point rally yesterday. Recouping the losses with he saw on monday after the massive new stimulus in the face of the coronavirus outbreak and slowing u. S. Economy hopes around stimulus. Boosting bond yields we saw some big moves in the treasuries the 10year back above 1 at 1. 95 . We have seen a steepening of the curve. Check out moves of oil as well wti now at its lowest level since early 2016 trading a
That gives you a better indication of where trading would be if we were to open here look at the treasury market. Weve been watching that closely too joe did anyone else see 5. 7 and say, oh, it is not nine . I had the same reaction i saw the etfs, i actually thought, occasion. 5. 6 or 5. 7, which is just crazy. We keep trying to figure out where is the bottom. Look at the 10year note yield of 1. 15 a week ago, you were looking at below. 7 . The moves we have seen have been pretty phenomenal. The government is stepping up its efforts to pass a massive stimulus many are betting on whether it will be big enough the Federal Reserve is pulling out its own tools. We have huge Team Coverage of these major stories. Getting over to eamon. Starting with you in washington. Good morning. It was just 24 hours ago we were talking about the idea that american politics has really changed. Every 24hour news cycle, it is different. And now embracing the idea of sending 1,000 checks to just about every